India’s stocks, bonds and currency markets are closed for a public holiday on the occasion of Mahashivratri. Dollar closed at 64.3050 against its opening at 64.2900. Dollar opened down on likely overseas funds inflow into local stocks amid globally subdued greenback. Local stocks opened higher tracking recovery in US futures after last week's roller-coaster ride on Wall Street. Also, the greenback remained subdued against other major currencies on uncertainty about US inflation data scheduled for release later this week. The greenback remained subdued against major currencies on uncertainty around US upcoming data on inflation scheduled for release later this week amid expectation of rising interest rates. US CPI is expected headline CPI to rise by a soft 0.4% in January, aided by gains in energy prices. Meanwhile, Monday, US President Donald Trump is expected to release a plan to generate $1.5 trillion in infrastructure upgrades and he will also deliver his 2019 budget blueprint. Wholesale inventories in US in December grew 0.4% from 0.2% rise in the previous session. Asian stocks are trading mixed this morning amid a holiday in Japan after US stock indexes rebounded in the last session, while oil prices edged up after recording six straight days of declines.

Asian stocks pulled further away from two-month lows, lifted by Wall Street’s extended rebound from last week’s steep fall, but investors remained cautious ahead of U.S. inflation data later in the week.

North Korea’s leader said he wants to boost the “warm climate of reconciliation and dialogue” with South Korea after his high-level delegation returned from a visit to the South, as his foes reiterated the need to keep up maximum pressure and sanctions.

Bank of Japan Governor Haruhiko Kuroda said cryptocurrencies likely won’t threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.

Gold dipped in Asia with a slightly stronger dollar noted, but support seen from physical demand in China ahead of the Lunar New Year holidays.

China will boost its job creation effort and promote entrepreneurship this year, a spokeswoman for the top state planner said on Sunday, under pressure to find work for millions of unemployed people and new college graduates.